Notification of sale of City of Chicago General Multi-Family Housing Revenue Bonds (The Ave SW Project) Series 2025
Chicago's Mayor's Office communicated with City Clerk Anna M. Valencia about the $22,000,000 Multi-Family Housing Revenue Bonds, Series 2025, for The Ave SW Project. The bonds, authorized by the Bond Ordinance, involve a Loan Agreement with The Ave SW LLC, a Land Use Restriction Agreement, a Tax Certificate and Agreement, and an Indenture of Trust, with Zions Bancorporation as trustee. The bonds, not exceeding $25,000,000, mature on October 1, 2028, with a 6% per annum interest rate.